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Tag: Markets

Politics

Market Rebound: Investors Gain Rs 13.22 Lakh Crore Post-Rout Recovery

Investor wealth: A day after facing massive wealth erosion, equity investors experienced a significant turnaround, gaining Rs 13.22 lakh crore on Wednesday as markets made a robust comeback. The BSE Sensex surged 2,303.19 points (3.20 per cent) to close at 74,382. Throughout the trading session, the index rallied by 2,455.77 points (3.40 per cent), reaching an intraday high of 74,535. Reflecting the renewed optimism on Dalal Street, the market capitalisation of BSE-listed companies soared by Rs 13,22,847.05 crore, climbing to Rs 4,08,06,552.32 crore ($4.89 trillion). "Indian markets demonstrated a spirited recovery driven by broad-based buying across various sectors, as political stability appears assured. However, focus will remain on the formation of the government a...